From: Tech Crunch
More than seven years after the financial crisis began, economies worldwide are growing. Much of the recovery has been led by government spending, including massive sums on infrastructure projects. Those projects typically involve a lot of interaction between governments and local partners, especially in emerging markets — where the need for those joint ventures is greatest.
While that has helped those economies grow, it has also driven worldwide growth in compliance. In fact, security company Kroll calls the combination of government contracts, emerging market exposure and third-party agents a “high-stakes trifecta” from a fraud-risk perspective, introducing a lot of potentially bad actors, like a shady procurement or contract manager.
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